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Wag! (PET) - 2024 Q1 - Quarterly Results
2024-05-09 11:02
Financial Performance - Revenues increased 13% to $23.2 million in Q1 2024, compared to $20.6 million in Q1 2023, marking a quarterly revenue record[7] - Achieved a net loss of $4.2 million, up from a net loss of $3.8 million in Q1 2023, primarily due to costs associated with a $5 million debt principal pay down[7] - Adjusted EBITDA improved to $0.2 million, compared to an Adjusted EBITDA loss of $0.4 million in Q1 2023[7] - Revenues for the three months ended March 31, 2024, were $23,219,000, representing a 7.8% increase from $20,623,000 in the same period of 2023[24] - Net loss for the same period was $4,241,000, compared to a net loss of $3,787,000 in the prior year, reflecting a slight increase in the loss margin to 18.3% from 18.4%[30] - Adjusted EBITDA for the three months ended March 31, 2024, was $168,000, an improvement from a loss of $397,000 in the same period of 2023, resulting in an adjusted EBITDA margin of 0.7%[28] - Total costs and expenses increased to $25,002,000 for the three months ended March 31, 2024, up from $22,836,000 in the prior year[24] - Cash flow from operating activities was $168,000 for the three months ended March 31, 2024, compared to a cash outflow of $3,580,000 in the same period of 2023[30] - The company incurred a loss on extinguishment of debt amounting to $726,000 during the three months ended March 31, 2024[28] - Interest expense for the period was $1,885,000, slightly up from $1,874,000 in the previous year[24] - Cash and cash equivalents at the end of the period were $12,603,000, down from $24,502,000 at the end of the same period in 2023[26] - The company reported stock-based compensation of $1,296,000 for the three months ended March 31, 2024, compared to $1,342,000 in the same period of 2023[28] Growth and Strategy - Record 671,000 Platform Participants in Q1 2024, an increase of 10% from 611,000 in Q1 2023[8] - 78% of revenues were generated from B2B partnerships, including pet insurance and pet food companies[10] - Guidance for full year 2024 includes revenue expectations in the range of $105 million to $115 million[11] - Anticipated Adjusted EBITDA for 2024 is projected to be between $2 million and $6 million[11] - New product launches include Furscription, a digital e-prescribing tool for veterinarians, and WeCompare, a consumer-facing insurance comparison platform[10] - Company is focusing investments on marketing, R&D, and partnerships to drive growth in 2024 and beyond[9]
Wag! (PET) - 2023 Q4 - Annual Report
2024-03-20 21:09
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________________ to ____________________ Commission File Number: 001-40764 Wag! Group Co. (Exact name of registrant as specified in its charter) Delaware 88-35 ...
Wag! (PET) - 2023 Q4 - Earnings Call Transcript
2024-02-15 00:58
Wag! Group Co. (NASDAQ:PET) Q4 2023 Results Conference Call February 14, 2024 4:30 PM ET Company Participants Garrett Smallwood - Chief Executive Officer and Chairman Adam Storm - President and Chief Product Officer Alec Davidian - Chief Financial Officer Conference Call Participants Jeremy Hamblin - Craig-Hallum Capital Group Matt Koranda - ROTH MKM Greg Pendy - Chardan Aria Cole - Cole Capital Operator Greetings. Welcome to the Wag! Q4 2023 Earnings Conference Call [Operator Instructions]. Please note thi ...
Wag! (PET) - 2023 Q3 - Earnings Call Transcript
2023-11-11 02:39
Wag! Group Co. (NASDAQ:PET) Q3 2023 Earnings Conference Call November 8, 2022 4:30 PM ET Company Participants Greg Robles - Investor Relations Garrett Smallwood - Chairman and Chief Executive Officer Adam Storm - President and Chief Product Officer Alec Davidian - Chief Financial Officer Conference Call Participants Jason Helfstein - Oppenheimer Jeremy Hamblin - Craig-Hallum Tom White - D.A. Davidson Matt Koranda - Roth Capital Operator Greetings, and welcome to the Wag! Third Quarter 2023 Earnings Conferen ...
Wag! (PET) - 2023 Q3 - Quarterly Report
2023-11-09 21:08
(Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________________ to ____________________ Commission File Number: 001-40764 Wag! Group Co. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Exact name of registrant as specified in its charter) Delaw ...
Wag! (PET) - 2023 Q2 - Earnings Call Transcript
2023-08-12 19:52
Wag! Group Co. (NASDAQ:PET) Q2 2023 Results Conference Call August 8, 2023 4:30 PM ET Company Participants Dawn Francfort - IR Garrett Smallwood - Chairman and CEO Adam Storm - President and Chief Product Officer Alec Davidian - CFO Conference Call Participants Jason Helfstein - Oppenheimer Wyatt Swanson - D.A. Davidson Matt Koranda - ROTH MKM Jack Cole - Craig Hallum Greg Pendy - Chardan Operator Good day, and thank you for standing by. Welcome to the Wag! 2Q '23 Earnings Conference Call. At this time, all ...
Wag! (PET) - 2023 Q2 - Quarterly Report
2023-08-09 00:45
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or Wag! Group Co. (Exact name of registrant as specified in its charter) Delaware 88-3590180 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________________ to ____________________ (State or other jurisdic ...
Wag! (PET) - 2023 Q1 - Earnings Call Transcript
2023-05-13 00:54
Wag! Group Co. (NASDAQ:PET) Q1 2023 Earnings Conference Call May 9, 2023 4:30 PM ET Company Participants Dawn Frankfort - Managing Director, ICR Garrett Smallwood - Chief Executive Officer & Chairman Adam Storm - President & Chief Product Officer Alec Davidian - Chief Financial Officer Conference Call Participants Matt Koranda - ROTH MKM Wyatt Swanson - D.A. Davidson Jack Cole - Craig-Hallum Capital Group Brian Dobson - Chardan Capital Markets Jason Helfstein - Oppenheimer Operator Good day and thank you fo ...
Wag! (PET) - 2023 Q1 - Earnings Call Presentation
2023-05-12 20:33
Pet Food & Treats Pet Food Pet Treats 6 Drop-In Sitting Boarding Training Shop Walking ● 10% Off All Services ● 5% Off All Products ● Exclusive Benefits Center Wag! Services (26%) Wag! 30% LTV:CAC Premium Pet Spend is a Large, Resilient Category with (American Pet Product Association) CONFIDENTIAL Ownership = Category Tailwinds https://www.forbes.com/advisor/pet-insurance/pet-ownership-statistics/ The Wag! Platform Wag! Premium Benefits ● 12 million+ reviews provide assurance on quality of care 12 Browse & ...
Wag! (PET) - 2023 Q1 - Quarterly Report
2023-05-12 20:27
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________ FORM 10-Q _______________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-40764 _______________________ WAG! GROUP CO. (Exact name of re ...